Basic Fit (Netherlands) Market Value
| BFIT Stock | EUR 21.32 0.16 0.74% |
| Symbol | Basic |
Basic Fit 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Basic Fit's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Basic Fit.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Basic Fit on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Basic Fit NV or generate 0.0% return on investment in Basic Fit over 90 days. Basic Fit is related to or competes with Alfen Beheer, Just Eat, Kinepolis Group, Galapagos, and PostNL NV. Basic-Fit N.V. operates fitness clubs in the Netherlands, Belgium, Luxembourg, France, and Spain More
Basic Fit Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Basic Fit's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Basic Fit NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 9.76 | |||
| Value At Risk | (2.77) | |||
| Potential Upside | 3.02 |
Basic Fit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Basic Fit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Basic Fit's standard deviation. In reality, there are many statistical measures that can use Basic Fit historical prices to predict the future Basic Fit's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.33) |
Basic Fit NV Backtested Returns
Basic Fit NV secures Sharpe Ratio (or Efficiency) of -0.0404, which signifies that the company had a -0.0404% return per unit of risk over the last 3 months. Basic Fit NV exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Basic Fit's Risk Adjusted Performance of (0.03), standard deviation of 1.77, and Mean Deviation of 1.22 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Basic Fit's returns are expected to increase less than the market. However, during the bear market, the loss of holding Basic Fit is expected to be smaller as well. At this point, Basic Fit NV has a negative expected return of -0.0715%. Please make sure to confirm Basic Fit's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Basic Fit NV performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
Basic Fit NV has very good reverse predictability. Overlapping area represents the amount of predictability between Basic Fit time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Basic Fit NV price movement. The serial correlation of -0.67 indicates that around 67.0% of current Basic Fit price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.88 |
Basic Fit NV lagged returns against current returns
Autocorrelation, which is Basic Fit stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Basic Fit's stock expected returns. We can calculate the autocorrelation of Basic Fit returns to help us make a trade decision. For example, suppose you find that Basic Fit has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Basic Fit regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Basic Fit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Basic Fit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Basic Fit stock over time.
Current vs Lagged Prices |
| Timeline |
Basic Fit Lagged Returns
When evaluating Basic Fit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Basic Fit stock have on its future price. Basic Fit autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Basic Fit autocorrelation shows the relationship between Basic Fit stock current value and its past values and can show if there is a momentum factor associated with investing in Basic Fit NV.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Basic Stock Analysis
When running Basic Fit's price analysis, check to measure Basic Fit's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Basic Fit is operating at the current time. Most of Basic Fit's value examination focuses on studying past and present price action to predict the probability of Basic Fit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Basic Fit's price. Additionally, you may evaluate how the addition of Basic Fit to your portfolios can decrease your overall portfolio volatility.